SEC chair denies a bitcoin ETF has been approved, says account on X was 'compromised'

The Securities and Exchange Commission said Tuesday that a post on X announcing that the securities regulator had approved the trading of exchange-traded funds holding bitcoin was “unauthorized,” and that the agency’s account had been “compromised.” The confusion came as crypto fans anxiously await the approval of the first bitcoin ETF. The ETF would provide a way to invest in bitcoin without having to buy the cryptocurrency outright on a crypto exchange such as Binance or Coinbase. Soon after the initial post appeared on X, SEC Chairman Gary Gensler said on his personal account that the SEC had not approved the listing and trading of spot bitcoin exchange-traded products.